This episode is a re-run. It was originally published in November 2022.

Struggling to get compensated for project delays? Listen in as we share the secrets to getting paid for those unexpected setbacks. Time to turn delays into dollars – listen here!

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(2:01) - Extension of time is the mechanism within the contract that you can actually extend the PC date

(4:31) - 2 different definitions of delay. An excusable, compensable delay, or one that is not compensable

(7:02) - This is one of the big four delays and we need to figure out who's going to pay for what and what's included

(8:02) - The most difficult one is document inaccuracies or discrepancies

(9:55) - What's called a critical path, something that is absolutely necessary to make sure that happens in a specific order

(12:15) - The best term is to just want to get paid actual demonstrated costs

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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